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Debt Consolidation

Welcome to the News View for "Debt Consolidation".

Here, on these archive pages, you'll find all of the articles on Payments News for Debt Consolidation listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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June 21, 2005

Credit Card Users With Highest Balances Pay Lowest Rates

A new study by Ohio State University of Ohio consumers suggests that savvy card users are shopping around, finding the cards with the lowest interest rates to minimize their payments.

February 09, 2005

Banks Raising Minimum Credit Card Payments

Paul Nowell reports for the Associated Press on recent changes by two major credit card issuers, MBNA and Bank of America, to tighten payment requirements in response to suggestions by the Office of the Comptroller of the Currency.

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June 28, 2004

Steps Out of Credit Card Debt

MSN Money's Terry Savage has some advice for consumers on how to deal with consumer debt.

Americans are now carrying $683 billion in revolving credit card debt. That’s not the amount we charge every month; it’s the outstanding unpaid balances on which people pay interest. And, according to a report by Cambridge Consumer Credit Index, 47% of the people who paid less than the full amount on their credit card bills in a recent month, made only the minimum payment due. In fact, only 13% of Americans with an outstanding balance could afford to pay more than half the balance.

June 26, 2004

Fighting a Sub-Prime Lender

E. Scott Reckard and Susan Anasagasti report in the Los Angeles Times on litigation against Wells Fargo regarding terms of a debt consolidation loan. READ MORE »

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